Ind Ra affirms Bajaj Finance and its NCDs at 'AAA/Stable'

24 Feb 2022 , 12:36 PM

India Ratings and Research (Ind-Ra) has affirmed Bajaj Finance Limited’s (BFL) Long-Term Issuer Rating at ‘IND AAA’ with a Stable Outlook.

Short-term bank ratings has been affirmed at IND A1+.

BFL’s ratings continue to be driven by Ind-Ra’s expectation of support from its ultimate parent, Bajaj Holdings & Investment Limited (BHIL), in an unlikely event that BFL requires support in an extraordinary situation.

At around 12:37 PM, Bajaj Finance was trading at Rs6,818.05 apiece down by Rs232.15 or 3.29% on Sensex.